The NHL and city of Glendale, Ariz. issued fairly vague statements Friday on the Phoenix Coyotes ownership mess after Greg Jamison confirmed Thursday he doesn’t have the money to buy the team. However, each party vowed to continue working toward a solution to keep the team in the Phoenix market.

Jamison missed a Jan. 31 deadline to qualify for a $308 million arena deal and payment plan from Glendale.

The failure to meet the deadline increases the odds of the Coyotes being sold and moved to another market.

NHL deputy commissioner Bill Daly issued a brief statement:

“We remain hopeful the Coyotes sale process will be resolved successfully and we will continue to work with the City of Glendale to move the process forward.”

Here’s Glendale’s statement on the Coyotes situation:

"The city and the current owner of the Coyotes, the National Hockey League, will continue to work together on a solution that is in the best interest of Glendale and our citizens. The next step involves seeking direction from the City Council to determine how to move forward with this process. The arena was built to serve as a catalyst for the economic growth that has occurred in Glendale’s Sport & Entertainment District, and its success remains a priority for the city."

The Coyotes released a statement of their own, noting that Jamison would continue in his attempt to buy the team, though Glendale has said he won't get another chance at the previous deal:

“Today, we were informed by the National Hockey League that Mr. Jamison was unable to close on his purchase of the Coyotes. Mr. Jamison will continue to work with the NHL and the City of Glendale to close a deal that will keep the Coyotes in the Valley. Although there is no set timetable, hopefully it will be soon. The Coyotes will continue to be owned by the NHL and nothing changes for our organization. We will work hard on and off the ice to provide our fans with a winning team that they can be proud of. We would like to thank all of our great fans and corporate partners for their incredible patience and loyalty throughout this process. We know it's been difficult and we appreciate their support.”